The Basel Institute worked closely with the European Bank for Reconstruction and Development (EBRD) to develop the Business Reporting Institution for the Ukraine, which represents a High Level Reporting Mechanism to address business corruption risks. An official agreement in respect of this new Institution was due to be signed in early November by the EBRD and the Government of Ukraine.

This process has currently been postponed by the Ukraine Government due to their need and request for further legal clarifications prior to the final signing of such agreement.